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Harrah's to take over Planet Hollywood management

Las Vegas Sun,  Friday, January 15, 2010 at 3:47:04 PM

Harrah's Entertainment will take over the management of the Planet Hollywood resort on the Las Vegas Strip at midnight, Jan. 16, as part of the company's longer-range plan to buy the property, Harrah's announced today.

Harrah's purchased a chunk of Planet Hollywood's $870 million debt around the time the property defaulted on more than $800 million in loans last year.

Planet Hollywood is adjacent to Harrah's Entertainment property Paris Las Vegas.

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